Business news

17 Nov 2016

Lukashenko promises to sort out problems with delivery of farm equipment to Russia
Belarusian equipment is often sold via mediators in Belarus, the President remarked. “You are saying that many people sell this equipment, but not many people provide service maintenance,” he said. The head of state assured that he will sort out the problems with the delivery and maintenance of Belarusian agricultural equipment to Russia...

17 Nov 2016

Belarus president against splitting utilities industry for privatization
"It turned out that in the past people used to pay 30% of the cost of utilities and the state budget compensated for 70% of the costs. Right after these calculations were made, it turned out that people pay 52%. A nearly two-time increase. Can you imagine how private companies would be able to fiddle with these prices? Who controls them?” wondered the head of state...

17 Nov 2016

Belarus ready to supply as much food as needed to Russia
“For us Russia is the premium market today. The Russian leadership requests us to supply certain amount, especially during the autumn-winter period. We even redirect exports from other markets in favor of Russia,” the head of state noted...

17 Nov 2016

Average salary to reach $500 in Belarus next year
However, a commensurable growth in labor productivity is needed for raising salaries. “Labor productivity is a priority,” the head of state emphasized. “Labor productivity has a direct impact on salaries. Private and state-owned enterprises and companies should be encouraged to pay more attention to this issue”...

17 Nov 2016

Lukashenko: No equal conditions for economic entities in Belarus, Russia so far
"To compete on your market, on our common market, we have to cut down on all our expenditures, including wages. Because of that, the taxes are lower, the military whose work is to protect our common space are paid less, and so on,” Alexander Lukashenko noted...

17 Nov 2016

Belarus seeks closer ties with Russia’s Kaliningrad Oblast
According to the head of state, there are no problems in the mutual relations between Belarus and Kaliningrad Oblast. A big number of Belarusians live in that Russian region...

16 Nov 2016

Belarus, Russia's Pskov Oblast enjoy growth in mutual trade
Andrei Turchak stated that the trade between Belarus and Pskov Oblast increased in a number of positions. The areas demonstrating an upward trend include agriculture and the sector of building materials...

16 Nov 2016

Turkish investments in Grodno Oblast past $10m so far this year
“I am convinced that cooperation will become fruitful. The same investor is implementing the project to set up a motorway service outlet near the border checkpoint Kotlovka in Ostrovets District. There are other projects in the oblast, too. So far this year the investment portfolio of the Turkish private sector in the region has exceeded $10 million”...

16 Nov 2016

Turkish business eager to invest in Belarusian towns
“Belarus has a good investment climate. The government knows what investors want and how it can help them. Personally, I have been working with Belarus for more than ten years already. It is a stable and peaceful country. I always tell my colleagues from Turkey that Belarus is good for doing business,” said Sedat Igdeci, the president of the business association Turkish Capital...

16 Nov 2016

Business matchmaking event for Austrian business community in Minsk on 23 November
The business matchmaking event will take place during the 13th session of the Belarusian-Austrian intergovernmental commission on trade and economic cooperation...

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